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Facebook Pay

Facebook presents a new payment system on its social media

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Can this be the first step for Libra struggle? Facebook has revealed a new payments system which intends to make online money transfers more manageable. Facebook Pay is going to work across Facebook, WhatsApp, Messenger and Instagram, enabling users to send funds to their contacts and friends on...

Zuckerberg during hearings over Libra

How it was: Congress hearings over Libra cryptocurrency

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Hearings of Mark Zuckerberg on Wednesday lasted six hours and supposed to be over Libra currency, but very soon they converted into a broad indictment of Facebook. Maxine Waters, the committee chairwoman said at the beginning of the hearings that she has studied numerous difficulties that the...

Mark Zuckerberg

Zuckerberg says Libra won’t launch until the US approves it

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The CEO of Facebook is going to protect the Libra project before a congressional committee on October 23. He states that coin won’t issue until the US government confirms the project. Zuckerberg made remarks before the hearing in the House Financial Services Committee, where he mentions that the...

Facebook Libra

Facebook warns Washington: Beijing will win if Libra fails

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Facebook Inc. warns Washington that if the corporation’s plans for launching a cryptocurrency fail, it will be a huge win for China. David Marcus said in an interview that China is going ahead and trying to create a digital payment system with a worldwide reach and, at the same time, the US is...

David Marcus

David Marcus vows to move forward with Libra and add members

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David Marcus, who is a chief executive of Libra currency, said he doesn’t think that companies, which have left the project, have a fault. He is optimistic that various other corporations are going to join the project despite the enormous opposition from regulating institutions that are fearing...

Libra forced central banks to reconsider their activities

Libra forced central banks to reconsider their activities

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Facebook's digital currency Libra has pushed central banks to reform their work. This was stated by the head of the Bank of Sweden Stefan Ingves, noting that the regulator is exploring the possibility of issuing its digital currency. In a conversation with CNBC, he called Libra “an incredibly...

Mastercard and Visa

MasterCard and Visa are leaving Facebook’s Libra project

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They heard senators' voices. Facebook loses some chief partners, like eBay, Stripe, Visa and MasterCard. Regulators and lawmakers criticised the Libra project, which brought to thought will the project even persist? Before the opening meeting of Libra Association in Geneva, which is planned to be...

Zuckerberg Libra Congress

Mark Zuckerberg will testify in the US Congress about Libra

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The head of the largest social network Facebook Mark Zuckerberg will testify before the Committee on financial services of the US House of Representatives. This was reported on the website of the department. Hearings on “studying the impact of Facebook on financial services and housing” will be...

Libra coin

Sceptics can now bet on Facebook’s Libra launch delays

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After Facebook announced its plans about launching a cryptocurrency, it faced overwhelming scorn. And now everyone is sceptically tuned that the launch will be at the time Facebook has targeted. A crypto-futures exchange CoinFLEX is now offering derivatives that payout based on the likelihood will...

Libra Paypal Facebook

PayPal didn't attend Libra Association meeting

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Representatives of the payment company PayPal did not attend a meeting with members of the Libra Association in Washington, where they discussed a strategy for cooperation with regulators amid fierce criticism of the project. According to sources in the Financial Times, only PayPal was not present...

The Libra Association

Facebook Libra payment partners hesitate on cryptocurrency

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Four payment corporations that have already joined to the Libra Association as originating members are hesitating on officially approving the crypto plan. Mastercard, Paypal, Stripe and Visa are troubled about their further contacts with governors, who have doubts about the Libra. Heads of these...

Sheryl Sandberg

Facebook wants Sandberg to testify to the House next month

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Facebook negotiates with a key congressional committee for Chief Operating Officer Sheryl Sandberg to testify as soon as next month amid topics about the corporation’s market control and its programs of launching a digital currency Libra. Facebook expects that Sandberg is going to appear at a...

Obstacles of Facebook grow rapidly. Germany is against Libra

Obstacles of Facebook grow rapidly. Germany is against Libra

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Europe’s resistance to Facebook's proposed cryptocurrency grows, as Germany describes its position. After the cabinet approved the government’s blockchain approach, it announced that this technology has fabulous potential but it doesn’t mean that it must be applied for building new private...

Facebook is sure: Central banks have nothing to fear from

Facebook is sure: Central banks have nothing to fear from

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Facebook is trying to defend Libra again. After several authorities announced about their concerns amid Libra currency, Facebook started to make things change. 1/ About monetary sovereignty of Nations vs. Libra:— David Marcus (@davidmarcus) September 16, 2019 The leader of the Libra project,...

Facebook will be questioned by regulators about Libra again

Facebook will be questioned by regulators about Libra again

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Today on 16 September, Global governors are going to investigate Facebook about its Libra currency again. As it was reported, the hearings are amid worries from EU states over the dangers this digital coin can carry to economic resistance all over the world. Regulators from Bank of England, the US...

Libra is going to be under US money-laundering scrutiny

Libra is going to be under US money-laundering scrutiny

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A senior US official in charge of combating terrorist financing announced on Tuesday, that even if Libra is based in Switzerland, it must comply with American anti-money-laundering standards for surviving. The undersecretary for terrorism and financial intelligence, Sigal Mandelker mentioned during...

Libra will be tied to USD, EUR, JPY, but probably not CNY

Libra will be tied to USD, EUR, JPY, but probably not CNY

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Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...

Facebook hires more lobbyists to boost Libra

Facebook hires more lobbyists to boost Libra

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A couple of extra lobbyists are selected by Facebook to support the corporation win over congressmen warnings to stymie the launch of its crypto coin. Head of Hollier Associates LLC William Hollier started lobbying for the social media giant on issues related to blockchain policy in late August. He...

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